Asian Market Wrap:
Asian Market Wrap: 10-year Treasury yields are down -0.4 bp at 3.093%, 10-year JGB yields pulled back -0.6 bp to 0.117%. Yields remain at high level ahead of the Fed decision today and as global central banks continue to reign in stimulus. Asian stock markets meanwhile moved mostly higher, although Japanese indices traded mixed with the Topix retreating from its highest level in almost eight months. Hong Kong returned from holiday and rallied in catch up trade, while Chinese markets got a boost from reports that MSCI Inc. is considering to lift the weight of shares in its global indexes. U.S. President Trump told the UN that the trade deficit with China "is just not acceptable". Meanwhile the Asian Development Bank warned that the U.S. China trade war is dimming Asia's growth outlook for next year. The Topix is down -0.26%, against a 0.30% gain in the Nikkei. Hang Seng and CSI 300 rallied 1.83% and 1.84% respectively, the ASX is little changed at +0.02%. U.S. futures are also broadly higher. Oil prices are slightly lower, but the front end Nymex future continues to trade above USD 72 per barrel.